[josedebardi]

MANY people are now financing cars despite having the cash available.

 

If it appreciates, buy it - if it depreciates, lease it!

 

If I paid £50k for the car cash, I can't use that £50k to make more money elsewhere in appreciating investments.

As interest rates are so low, what I pay in interest I easily make more than that using the free cash I didn't tie up in the car.

 

It works best on new cars as PCP allows you to only pay for the depreciation part of the car, plus they offer much better rates to incentivise a new car over a used car buy.

[T-800]

Not everyone wants to finance a car

I believe in that old fashioned thing called saving

And if I buy a 6 month old one I'll save even more.





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[Deleted Members]

you clearly not business minded lol... but hey ho lol well explained Jose... the joys of having an accountant lol 

50k can make 50k = Free RS3 

[Uncle Fester]

MANY people are now financing cars despite having the cash available.

 

If it appreciates, buy it - if it depreciates, lease it!

 

If I paid £50k for the car cash, I can't use that £50k to make more money elsewhere in appreciating investments.

As interest rates are so low, what I pay in interest I easily make more than that using the free cash I didn't tie up in the car.

 

It works best on new cars as PCP allows you to only pay for the depreciation part of the car, plus they offer much better rates to incentivise a new car over a used car buy.

Interest rates are low for finance agreed but they are also low for investment .That 50k car isn't 50k because you are paying interest,and whats more unless you pay the final balloon payment you don't have a car.

Edited by Uncle Fester, 11 June 2015 - 09:43 PM.

[T-800]

What because I don't want to finance a new car??



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[T-800]

I'm not business minded
F**k what the hell have I been doing for the last 11 years.


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[josedebardi]

I'm not talking about putting £50k in savings accounts or any old stock. You really need to have a business to make it work, or property investment is an easy one to do it with.

I'm not sure you end up with a free RS3 as Dan suggests, but for sure you pay less end to end of ownership by offsetting the cost with your investments.

[Deleted Members]

8k in interest over 4 years im not going to lose sleep over that business have to make money you know nothing in this world is for FREE.. if your going to moan about how much it costs then maybe you should pop over to the RS focus forum lol 

[T-800]

Who's moaning.
It's my choice


I prefer to buy a 6 month old one out right
No law against it

What has the Focus RS got to do with anything



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Edited by veneergod, 12 June 2015 - 06:11 AM.

[Deleted Members]

Because - Fester was saying the RS3 wasnt a 50K car because of the 8k interest... and i was suggesting going to look for an RS focus as youll get one for under 50k including the interest lol... 

 

Your accountant is useless by the sounds of things....if you think paying for a car outright is a good thing you have been given the wrong advice my friend even very very wealthy people dont buy outright. i would only buy property ouright as its not depreciating and it balances my books for the love of cars. 

 

i guarantee you that you will not find a depreciated RS3 in 6 months unless its been abused or been in an accident as they will be good on the value for the first year or so. 

[Deleted Members]

also by putting this -  also proud owner of an 8P RS 3  (Not on PCP or Finance) is not required on you signature just because its not on pcp or finance doesnt make you any better from anyone else on here.....Sounds like you have to prove.

[Roy]

Ill take that bet mate !

[Deleted Members]

What you betting on Roy?

[Roy]

that I will find a RS3 thats lost money within 6 months !!!

[Deleted Members]

yeah a billy basic one thats only worth 39k anyway lol

[Roy]

your quote was .............................."i guarantee you that you will not find a depreciated RS3 in 6 months unless its been abused or been in an accident as they will be good on the value for the first year or so." 

 

No mention of spec or anything else in that quote............... so how much you want to put down ?

[Deleted Members]

ok a rephrase that! i guarantee you wont find one thats got a spec on it in 6 months it will be a basic model with 2 or 3 options and refurbed kerbed wheels with low tyres lol 

[Deleted Members]

stop being an old banger and get down to your local dealer and put an order in 

[Roy]

Dan I have bought a few nice cars from the showroom before.. not doing it anymore to old and to wise to be throwing money away to her maj's government to waste id rather keep the vat loss and depreciation for someone richer than I.

 

If I had £50,000 to bust on a car it would be another classic car,,, they will make more money than ANY BANK and a lot of investments will give you !

[Pat]

Oh dear forum fall outs....I love a good fight but let's not pass judgement on any aspect of anyone eh ? None of us know enough about each other to pass judgement....play nicely

I lease for my reasons but I respect anyone that can actually pay cash...I've never properly owned anything for years except a few bangers....knowing something is paid for is a lovely feeling and having fewer outgoings and fixed costs is a nice place to be......I want things I can't really afford anymore so I finance them but my costs increase and have to be met.....different strokes for different folks.....tea or coffee ?? No right or wrong just choice